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Vena Case Study: Yes! Communities

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@venasolutions 1 855 207 1770 info@venasolutions.com venasolutions.com SUCCESS STORY Yes! Communities Upgrades Reporting To Win Investor Trust " HAYLIE DANNER MANAGER OF FINANCIAL PLANNING & ANALYSIS We're now kicking out monthly financials with on-demand access. We've freed up an 8-hour day from running financial reports. " The Problem • One person managed 200+ Excel templates to store data and manually generate financial statements and reports • When outside investors had questions about company operations, manual reporting meant it often took days to answer • Reporting times concerned stakeholders and investors enough that future investments risked being delayed or even cancelled The Solution • A central location to house all financial data eliminated the need to manually aggregate numbers to produce reports • Connecting directly to the company's property management software reduced the risk of errors from manual data entry • Vena's familiar Excel interface meant it was easy to train staff, leading to rapid adoption at more than 213 communities Results & Next Steps • A massive reduction in manual effort allowed Yes! Communities to produce reports in minutes, instead of days • Management reports now present both actual and budget data, providing full visibility into the company's performance – past, present, and future • Best of all, Yes! Communities improved investors' trust by addressing questions and concerns with speed, accuracy, and confidence ↑ ↑ ↑ ↓ ↓ ↓ Increased ability to produce reports on demand Improved visibility into budget and actual data Resurgence of investor trust and confidence Reduction in redundant financial statements and reports Elimination of bottlenecks with manual reporting Decreased resistance adopting a new system Results at a Glance 82% fewer reports now produce more insights than before, providing a drastic improvement in visibility into Yes! Communities' financial performance. Yes! Communities, Inc. Operator of innovative, customer- driven manufactured home communities. Revenues: $300 million Location: Denver, CO Industry: Real Estate, Property Management Existing Software: MRI (ERP), Manage America (Property Management Software) Processes: Budgeting, Financial Reporting, Operational Reporting, Expense Variance Analysis Vena turns Microsoft Excel into an enterprise-class business solution with a centralized database, workfl ow and more. With Vena, you get trusted numbers and insights - fast - while still using Excel. Discover why Vena is trusted by finance and loved by business at companies like yours. Explore more of Vena's Customer Success Stories.

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